Bill Gates: Cryptocurrencies are killing people
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labidas
Right now cash is used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.
Legit argument.
sverek
That's pretty much what bitcoin was used for when it's started. Maybe this quote helps people recall it.
UnrealGaming
"Keep your transactions hidden and secure! Evade taxes! Buy or sell anything completely anonymously! Crypto!"
He is literally advertising it OMEGALUL
cryohellinc
Yeah and if he won't talk about it, those things will magically fade in fairy world.....
fantaskarsef
I wonder who paid him to say that.
Also, I wonder if he never tried to avoid taxes, or succeeded in doing so, or the company he was more or less governing for years.
As they say, preaching water and drinking wine, most likely.
Noisiv
This is hilarious on so many levels...
The terrorism... The very government he speaks about has been the biggest terrorist under the Sun for quite some time.
Tax evasion. Bill should know, because his trademark company, Microsoft, is an expert in this field.
Speculative financial practices. Look no further than the traditional financial institutions. Who the fuk brought down the economy in 2008? Crypto? yeah right.../s
How about another sh1ty financial practice, high-frequency trading? Oh but HTT is good, because it brings sh1tload of money for Microsoft.
Using crypto to buy drugs. How the fuk did the druggies and the drug lords manage be4 crypto? MMmmmaybe using ordinary mmmmoney? Is money bad? Ban money!
You can buy million things with crypto. But because you can buy one bad thing, that means crypto is BAD!
WTF is wrong with this guy. I expect this kind of silliness from the bottom feeders, not from Bill effin gates.
fantaskarsef
He probably received a few hundred coins for that, that's why 😀
m4dn355
Coming from a man, whose company is cherishing people. . .
sverek
You guys missing the point that he actually got caught with tax evasion. Dude got his ass handed back to him.
So if there higher risk to get caught using cash, maybe it worth trying bitcoins.
Just saying. Bill did many mistakes in past, hopefully he learned from it and actually saying something worth listening to. He is no longer working in M$ and has less to do with it.
He is trying to make this world a better place. See his efforts and donations.
And you can't deny a fact that bitcoin makes shady deals way easier with less risk. Love it, hate it, this is what it is.
Anyway, I have nothing against bitcoins. But it is a tool that provides more possibilities. Bill mentioned dark side of it.
Tripkebab
Pretty sure that Windows pretty much directly facilitates illegal activities by providing a front end to carry out these tasks. Perhaps the internet is also bad thing.
RzrTrek
If it isn't the government always trying to scare people away from what they can't control, regulate or tax, then it's big business.
fantaskarsef
And then there's people that just... chose to not do what everybody else does and not join the miners. 🙂
Na not really missing, hence my hinting at how he and m$ do business for decades now in my first post in the thread.
But I tend to agree with you on the rest, although nobody knows for sure to what the possibilities would be used. Criminals always are first to use such possibilities like using blockchain and cryptos, but the fun part is: "traditional" finance is not really any more or less legal or trustworthy. That's why you don't throw your money at the first guy offering you the same interest rates than with cryptos... with normal investments you just beg to be exploited, already waiting for get scammed.
UnrealGaming
What Bill said was completely uninteresting, bland, something everyone already knows and certainly not a complete picture of crypto. Which is very disappointing considering he's a programmer and a tech guy himself. So his comments end up sounding like they're meant for complete normies that don't know anything about anything, to keep them away from crypto. Instead of giving a more honest well rounded view, with maybe some actual insight.
RedSquirrel
Yeah that's basically exactly what bitcoin was used for when it began, and still is. The technology is fascinating, but these cryptocurrencies are cancer and offer anything but 'currency'.
cowie
one could say that about of a lot of legal things.
but I don't think he got paid to say that, if he started to burn all his money now the fire would last years.
I guess any propaganda against mining is not a bad thing for someone who wants a vga at a sane price.
Picolete
There is probably more crime comited behind the "art sales" money laundry than with cripto
fantaskarsef
https://coinmarketcap.com/all/views/all/
Bottom line: Total Market Cap: $452 597 027 789
That's 452 trillion USD. I don't think that art sales sum up to that kind of money, nowhere near. Even if you only take the top 10 cryptos, that's still almost 370 trillion USD.
anthos
Erm... Please read your number again.
FM57
Has he not watched the M. Robot series ?
E-coin is the future William !
fantaskarsef
Yes you are right, got it wrong there. It's billions of $.
Though I'm still not sure that arts sales adds up to 450 billion dollars per year. Or 370.
